https://www.taxtmi.com/caselaws?id=197726 The High Court partly allowed the appeal, remanding the issue of deduction of interest paid on loans for Indian shares and debentures back to the CIT(A) for further consideration. The Court upheld the allowance of deduction for loss due to changes in foreign exchange rate and affirmed the assessee's right to challenge the assessment under s. 143(3) despite objections raised under s. 143(1. en-us Thu, 29 May 1997 00:00:00 +0530 Sat, 13 Jan 2018 12:30:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197726 The High Court partly allowed the appeal, remanding the issue of deduction of interest paid on loans for Indian shares and debentures back to the CIT(A) for further consideration. The Court upheld the allowance of deduction for loss due to changes in foreign exchange rate and affirmed the assessee's right to challenge the assessment under s. 143(3) despite objections raised under s. 143(1. Case-Laws Income Tax Thu, 29 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197726